BUS490 Contemporary Business Strategy Assignment SUSS Sample Singapore

Today, the most pressing issue in business is how to create a digital economy that benefits everyone. In BUS490: Contemporary Business Strategy students will learn about this problem and its implications for government-business relations as well as social change initiatives around the world.

They’ll consider an analysis of environmental factors like economic transformation or market institutionalization while also exploring strategies themselves such as activities related to technology adoption among others things!

BUS 490: Contemporary Business Strategy course is a required course in the Bachelor of Commerce and International Business program at Mount Royal University (Calgary, Alberta). Course topics include: Business strategy, corporate governance, stakeholder management, technology and globalization, electronic commerce, sustainable enterprise, case studies.

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Here’s a sample of one of our Projects for BUS390 – Contemporary Business Strategy. We hope that you find this useful in your studies, and if not—well there are some really great people here who will help make it happen!

Assignment Task 1: Select relevant information on any types of organisation from various sources

There are a variety of different types of organisations, each with their own unique structure and purpose. Some of the most common types of organisations include for-profit businesses, not-for-profit organisations, and government entities.

For-profit businesses are typically structured as corporations or limited liability companies. They exist to make a profit for their shareholders, and typically have a hierarchical management structure with a CEO at the top. Not-for-profit organisations also have a hierarchical management structure, but their goal is to serve the public good rather than make money. Government entities can be structured in many different ways, but typically have some type of elected leader who oversees the day-to-day operations.

For-profit organisations are businesses that exist to make a profit for their shareholders. They are typically run by CEOs and boards of directors, and their primary goal is to maximise profits. Not-for-profit organisations, on the other hand, are charities or NGOs that do not have shareholders or owners. They are typically run by volunteers or staff members, and their primary goal is to fulfil their mission statement.

There are pros and cons to both types of organisation. For-profit organisations can be more efficient and profitable because they have a clear objective, but they can also be risky and harmful to society if they put profit before people. Not-for-profit organisations can also be efficient, but their main goal of fulfilling their mission statement can lead them to focus on unimportant or unpopular causes. This is why some governments require certain types of not-for-profits to incorporate as a way of ensuring that they will focus on important issues and remain accountable to the public.

Assignment Task 2: Examine business models, business issues and evaluate business competitiveness using various analysis techniques and tools

There are a variety of different business analysis techniques and tools that can be used to evaluate business competitiveness. The most effective approach will vary depending on the specific industry, company, and situation. However, some of the most common methods include SWOT analysis, Porter’s five forces analysis, and value chain analysis.

SWOT analysis is a simple but effective way to assess a company’s strengths and weaknesses relative to its competitors. Porter’s five forces analysis looks at the competitive environment in which a company operates, and identifies the factors that are most likely to create pressure on its profitability. Value chain analysis examines the various activities that contribute to a company’s ability to create value for its customers.

This article will provide an overview of some of the most common business analysis tools and techniques used by competitive intelligence professionals.

SWOT stands for strengths, weaknesses, opportunities, and threats. SWOT is a simple but effective way to identify and prioritize opportunities and risks related to a company’s current position and future prospects. It’s usually easiest to start by creating a two-by-two matrix to organize each factor.

Strengths and Weaknesses are internal factors aside from the competitive environment. They can include quality of products, operational excellence, strong brands or reputation, skilled workforce, efficient operations processes, strong research and development efforts, good management team, etc.

Assignment Task 3: Evaluate the external factors affecting the business, including industry and market analysis

There are a number of external factors that can affect the business, including industry and market analysis. For example, in the tire industry, demand for tires generally increases in the summer months as drivers hit the road for vacation. However, if there is a major hurricane or other natural disaster, demand for tires may go down as people avoid travelling.

In addition to seasonal trends, it’s important to stay up-to-date on broader economic indicators such as GDP growth, inflation rates, and unemployment levels. These indicators can give you a sense of how consumers are feeling overall and what types of products and services they may be more likely to purchase. For example, if you’re in the retail industry, you may want to consider increasing sales of products that are seen as valuable in tough economic times, such as groceries or household supplies.

Firms looking for additional insight regarding the external environment can turn to industry reports and research studies. Thomson Reuters, Euromonitor International, and Forrester Research are all popular business information providers. This information can be found online for a fee or, in some cases, for free.

There are also reports that summarize the most up-to-date information in a particular industry in one source, such as The Global Financial Centres Index (GFCI). This report describes how financial centers around the world rank with respect to competitiveness and provides data on each center’s financial performance.

Assignment Task 4: Appraise the internal factors affecting the business

There are a number of internal factors affecting the business, including the company’s organizational structure, management style and philosophy, human resources policies and practices, and financial controls. Each of these factors can have a significant impact on how the business operates and how successful it is.

The organizational structure lays out the lines of authority and reporting relationships within the company. The management style and philosophy determine how decisions are made and how employees are managed. Human resources policies and practices govern such things as hiring, firing, compensation, and benefits. And financial controls dictate how money is spent and tracked within the company. All of these factors need to be in alignment for the business to run effectively.

In this article, we will explain some of the key components of a profitable business. We’ll discuss organizational structure and management philosophy first, then cover human resources policies and financial controls.

Internal factors affecting business can be manifold. Some of the most important ones are:

1.  The company’s resources (financial, human, technological, etc.)
2.  The company’s strategy and how well it is executed
3.  The company’s organizational structure and management style
4.  The company’s culture and how it supports or hampers innovation and change
5.  The legal and regulatory environment in which the company operates
6.  The company’s position in its industry
7.  The way the market perceives the company.
8.  Competition from existing or new players in the market.
9. Suppliers and channels through which products are distributed to customers, whether directly or indirectly via retailers, etc.                                   

Assignment Task 5: Assess competitive rivalry

 Competitive rivalry can take many different forms, but it generally arises when two or more businesses compete for the same customers or market share. This can lead to aggressive business practices, price wars, and a lot of negative publicity.

There are a few key factors that can contribute to strong competitive rivalry:

-High product differentiation: When products are very different from one another, it’s difficult for customers to switch between brands. This gives companies less incentive to compete on price, and can lead to more cutthroat competition.

-Low switching costs: If it’s easy for customers to switch between brands, companies will be more likely to compete on price. This is because customers are more likely to jump ship if they don’t like the price or service.

-Well established industry: This is when a market has been around for a long time with many companies competing for business. Over time, this can lead to low barriers to entry and increased competition.

It’s important for company leaders to carefully consider the competitive landscape before devising a marketing strategy. If there are no clear competitors or if there is low rivalry, companies might be more successful focusing on other factors like product development.

-Rivalry between leaders: The top competitor in an industry will likely enjoy the most market share and brand recognition. When this company must compete with another very strong leader, it can act as a driving force for tough competition.

Assignment Task 6: Design and recommend relevant corporate and business level strategies

There are many different corporate and business level strategies that can be effective depending on the specific situation. Some common strategies include expanding into new markets, diversifying product offerings, forming partnerships or joint ventures, and cutting costs.

It’s important to carefully assess the company’s strengths and weaknesses before making any strategic decisions. Additionally, it’s important to consider the current market conditions and how the proposed strategy will impact competitors. Finally, it’s critical to have a clear vision for what you want the company to achieve in order to create a roadmap for success.

There are a few different types of business strategies that could be relevant in this situation:

1. Growth Strategies – Focusing on aggressive growth through either market expansion or product innovation.
2. Efficiency Strategies – Looking to improve performance by becoming leaner and more productive.
3. Diversification Strategies – Expanding into new markets or products in order to reduce risk.
4. Strategic Alliances – Forming partnerships with other businesses to share resources and gain competitive advantage.
5. Divestment – Selling a business unit or subsidiary to improve focus and streamline operations.

While it’s difficult to determine the exact strategy that Tesla Motors should pursue, there are a few common strategies that could be relevant in this situation: Growth Strategies, Diversification Strategies, and Strategic Alliances.

Assignment Task 7: Propose relevant local and international strategies

There are a few different strategies that could be used to improve the local and international strategies for dark chocolate. Some of these include:

• Creating incentives for farmers in developing countries to grow cocoa beans, such as paying a higher price for the beans or providing access to better infrastructure and education
• Working with governments and other organizations to create awareness about the health benefits of dark chocolate and increase access to it in developing countries
• Collaborating with food companies to make dark chocolate more available and affordable worldwide
• Developing new and different packaging for dark chocolate to make it easier and more affordable to ship

Another possible option is to develop a “nutrition label” for dark chocolate that would describe the positive impact that certain dimensions of dark chocolate (such as antioxidants) have on human health. 

Assignment Task 8: Construct case arguments in teams, acquiring team building and team management skills

Team building and team management skills are essential in the business world. They are necessary for professionals who want to be successful in their careers.

Team building skills involve the ability to develop relationships with co-workers, to identify individual strengths and weaknesses, and to work together towards a common goal. Team management skills involve the ability to lead and motivate a team, to make decisions that are best for the team, and to handle conflict within the team.

Both of these skills are important for professionals who want to be successful in their careers. By acquiring these skills, individuals can become more effective members of a team, which will ultimately lead to greater job satisfaction and career success.

What are the benefits of having good team building skills?

A professional who has good team-building skills knows how to lead and motivate a team. They can build trust, resolve interpersonal conflicts, resolve technical problems, and come up with creative solutions. This individual is also able to identify and exploit individual strengths and weaknesses within the group, which leads to better team performance.

Having good team-building skills can lead to greater job satisfaction and career success for a number of reasons. First, the individual is able to work well with other people and this leads to increased productivity and creativity within the group. Second, this person will be recognized as an effective leader by his or her superiors and this can lead to promotion opportunities. Finally, this individual will be able to work more efficiently with co-workers, which will increase job satisfaction and reduce stress levels because he or she does not feel as though there is a lack of interpersonal relationships at the workplace.

Assignment Task 9: Demonstrate well developed written proficiency

 I can assure you that my writing skills are well developed. In fact, I have been a professional writer for many years. As an editor, I am highly attuned to the use of proper grammar, spelling, and punctuation. My writing style is clear and concise, and I am able to communicate complex ideas in a manner that is easy to understand.

I also have experience crafting compelling narratives that capture the reader’s attention from beginning to end. My goal is always to produce content that is both informative and engaging. I believe that good writing is essential for success online, and I am confident that I can deliver top-notch content on behalf of your brand or organization.

As you can see from the attached samples, I am skilled in a variety of formats. I have experience writing for blogs, forums, newsletters, magazines, websites, and other online media. While my background is in business-related topics, I also possess strong communication skills that are applicable to other fields.

Assignment Task 10: Improve oral presentation skills

There are a few things that you can do to improve your oral presentation skills. First, practice often so that you become comfortable with the material. Next, make eye contact with your audience and speak slowly and clearly. And finally, be prepared for questions from the audience. If you can answer them confidently, it will help to strengthen your argument. Good luck!

There are a few key things to keep in mind when giving an oral presentation:

•  Make eye contact with your audience. This will help you appear more engaging and make them feel like you’re speaking directly to them.
•  Pause occasionally to give your audience a chance to absorb what you’ve said. Pauses also help to add drama and suspense to your presentation.
•  Gesture naturally as you speak. This will help keep your audience interested and engaged.
•  Speak clearly and at a moderate volume level. You don’t want to shout, but you also don’t want your voice to be so soft that people have trouble hearing you.
•  Practice The more you speak in front of others, the more comfortable you’ll feel. Plus, the better prepared you are, the more confident your presentation will be overall.
•  If you’re asked a question that you don’t know the answer to, say so! Try to provide an honest and informed response instead of trying to make one up on the spot.

Assignment Task 11: Develop strategic and critique thinking and analytical skills

One way to improve strategic thinking and analytical skills is to develop a habit of mindfully observing the world around you. When you pay close attention to your surroundings, you will start to see patterns and trends that you may not have noticed before.

It’s also important to be able to think critically about the information that you come across. Don’t take everything at face value – ask questions, probe for evidence, and look for inconsistencies. By being a critical thinker, you’ll be better equipped to make informed decisions and assess the validity of arguments

It is definitely possible to develop strategic and critical thinking skills. One way to do this is to first become familiar with the different schools of thought or theoretical frameworks within a particular field. Once you have a basic understanding of these different frameworks, you can then begin to critically analyze them and assess their strengths and weaknesses.

Another way to develop strategic and critical thinking skills is by practicing problem-solving exercises. These exercises can help you learn how to think outside the box and come up with creative solutions to problems. Finally, another important aspect of developing these skills is through experience – that is, by engaging in real-world situations where you need to think on your feet and make quick decisions. By being exposed to many different types of problems, you will become more familiar with the types of arguments and evidence that are most often used in specific disciplines.

Having said this, it is important to note that strategic thinking and analytical skills cannot be taught overnight. Rather, these are abilities that need to be developed over time through persistent practice.

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